Century Textile and Industries explained

Century Textile and Industries Ltd
Type:Public
Foundation:1897
Location:Mumbai, Maharashtra, India[1]
Key People:Kumar Mangalam Birla [2]
RK Dalmia [3] [4]
Industry:Textiles & Paper
Products:fabrics, designer wear, denim, cosmetics & toiletries, engineering files & tools, prophylactics and air charter services
Parent:Aditya Birla Group[5]
Revenue: (2024)[6]
Net Income: (2024)
Assets: (2024)
Equity: (2024)
Num Employees:7,708 (March 2024)

Century Textile and Industries is an Indian textile and paper manufacturing and export company based in Mumbai. The main business activity involves manufacture of cotton textiles, yarn, denim, viscose filament rayon yarn, tire-cords, caustic soda, sulfuric acid, salt, pulp, and paper. The company also has a presence in the international textile markets and exports its products to more than 45 countries.

Century Textiles & Industries Limited is an IS/ISO 9001:2000 and ISO 14001 company. The Government of India also awarded it with 'Three Star Export House' status.[7]

History

In 1897, the company was established as Century Textiles Limited and listed on BSE with its Registered Office at Mumbai. Till 1951, the Company operated only one Cotton Textile Mill in Mumbai.

In 1956, the company began its Rayon Division at Kalyan, near Mumbai to manufacture Viscose Filament Rayon Yarn.

The company diversified into production of cement by establishing its first cement plant at Baikunth, near Raipur (Chhattisgarh) in 1974.[8]

In 1984, it started its pulp and paper division called Century Pulp and Paper at Lalkuan, Nainital district.[9]

The textile mill stopped the production in Mumbai in 2006 due to increase in operating costs. The new plant in Jhagadia, Bharuch district, became functional in 2009 with the name Birla Century and is producing finer cotton fabrics.[10]

In 2016, Century Textiles and Industries established its real estate subsidiary called Birla Estates.[11]

In 2018, Century Textiles and Industries announced the demerger and sale of its cement division to UltraTech Cement in a stock swap deal.[12]

Notes and References

  1. Web site: Century Textiles and Industries Ltd . Centurytextind.com . 2010-12-02 . dead . https://web.archive.org/web/20110226120026/http://www.centurytextind.com/contactus.asp . 26 February 2011.
  2. Web site: Kumar Birla to lead Century Textiles . The Times of India. 7 April 2006 . 2010-12-02.
  3. Web site: Sharad Vyas . BMC may take back mill land . The Times of India. 17 November 2010 . 2010-12-02.
  4. Web site: Century Textiles sees margin pressure as cotton zooms . The Economic Times. 22 September 2010 . 2010-12-02.
  5. Web site: Udit Prasanna Mukherji . B K Birla plans to hike stake in group companies . The Times of India. 13 January 2010 . 2010-12-02.
  6. Web site: Century textiles Q4 FY24 . bseindia.com . 2023-04-26.
  7. Web site: Century Textile and Industries Ltd.,TEXPROCIL, Cotton Textiles, Textile Industry India, Cotton Yarn, Fabrics, Made-ups, Handlooms . Texprocil.com . 2010-12-02.
  8. News: Kumar on the doorstep of Century . 20 July 2023 . The Telegraph . en.
  9. News: Chaki . Deborshi . Century Textiles looks to exit paper business . 20 July 2023 . Mint . 11 May 2017 . en.
  10. News: Century plans mega cement expansion . 20 July 2023 . Business Standard.
  11. News: Kumar Birla makes realty foray . 2 May 2024 . Business Standard . 4 February 2016.
  12. News: UltraTech to buy Century Textiles' cement biz through a share-swap deal . 20 July 2023 . Business Standard.

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